?Bonuses and promotions
Almost every sportsbook in the world offers its customers some kind of bonus and promotion. It is no secret that many bettors prefer to register at sportsbooks that give them better welcome bonuses and promotions. But it is not that simple. Many bonuses and promotions come with specific terms and conditions, called wagering requirements. And those requirements are the most crucial factor of every bonus and promotion.
If you wonder where you can find the best bonuses, and how to meet wagering requirements. Then you are in the right place. Read our guides and get all the vital information, such as which sportsbooks give the best bonuses and promotions.It is time to get paid.
There a few sportsbooks in the market at the moment that doesn’t offer various and lucrative bonuses and promotions to their newly registered and loyal customers.
?Make an extra profit from your adventure!
No doubt that you saw numerous advertisements from online sportsbooks. In which operators provide to the customers welcome bonuses, special promotions, and many other exciting things.
All those bonuses can be divided into several categories, and we wrote about bonus types in one of our previous articles.
So, you don’t need to be a rocket scientist to see that sportsbook bonuses and promotions are a great way to make the extra profit from your betting adventure! But, in order to be profitable from these bonuses, you will need to put a little extra effort. The main reason why it isn’t easy to convert bonus money into real money, are co-caller rollover or wagering requirements.
Every sportsbook has different wagering requirements, and you should always read the Terms and Conditions (T&C’s) of bonuses and promotions that your sportsbook offers you.
Even then, some of you should do a more profound research and also ask customer support to clear things for you, as sportsbooks often use complex jargon to explain the terms and conditions of these bonuses and promotions.
That is the main reason why we decided to write this article. We will try to help you understand what sportsbooks wagering requirements are and how to beat them!
?Wagering Requirements aka Rollover Requirements
Understanding wagering requirements is an essential thing when it comes to bonuses and promotions. The best way to understand wagering requirements is to see it on the example.
If your sportsbook gives you a 100% matched bonus with 5x wagering requirements, it means several things:
- Your deposit will be doubled with bonus money, so if your deposit $100, the sportsbook will give you $100 more as a gift.
- You can’t withdraw your bonus (gift) money before you meet rollover requirements.
- Requirements on this imaginary bonus are 5x, which means that you need to place wagers in the amount of $1000 (($100 deposit + $100 bonus) x 5 = $1000)) before you will be able to move your bonus money into your real money account.
IMPORTANT NOTICE: Some sportsbooks may calculate rollover differently, and casino bonuses have a specific set of rules. So we suggest you contact the customer service and ask them about their particular set of rules.
?Time Limits and Odds Restrictions
You should also have in mind that wagering requirements are just the tip of an iceberg when it comes to bonuses and promotions. The sportsbooks may (and almost always do) place odds restrictions and time limits on rollover requirements.
Odds restriction rule means that sportsbooks will never give you to place your rollover bets with odds lower than 1.50. And in many cases, those odds are even higher (1.80-2.00). Another thing that can be an extra burden to your rollover requirements is time limits.
The sportsbooks push their customers to chase rollover requirements, and in the process, it is inevitable that bettors will make bad decisions and lose their money eventually.
So, before you decide to take a bonus at your sportsbook, calculate how much time do you need (at average betting pace) to clear the time limit and other wagering requirements.
If the requirements are unrealistic, sometimes it is better to skip that bonus or promotion. Because you will lose time on something that it is not worth it.
?Additional Requirements That Sportsbook May Impose on Bettors
If you thought that this article would be finished, you were wrong. The sportsbooks may impose even more rules and requirements on their customers. These specific requirements may vary from sportsbook to sportsbook. And that’s why it is vital to read the Terms and Conditions of every bonus and promotion.
For example, some books will not allow their customers to make withdrawals while the bonus is active. And some bonuses are available only for sports betting, or specific sports. Overall, those specific requirements can make your journey to fulfill wagering requirements harder than expected.
Conclusion
Now when you know the secret tricks that sportsbooks use to make your life harder, you will know what to look when you register at the specific sportsbook. Always read Terms and Conditions, and don’t claim every bonus or promotion. Sometimes it is better to skip bonus that has unrealistic wagering requirements than to lose time and money trying to fulfill those requirements.
FAQ
Rollover requirements, aka wagering requirements, stipulate bettors to wager a certain amount of money before they can move bonus money to real money account. Every bonus or promotion that sportsbooks give to their customers has wagering requirements.
A free bet is a type of promotion where sportsbooks give their customers a certain amount of money to place a wager. You will never be able to cash out the wagered amount (bet stake), but if you manage to win the selected wager, the profit from that wager will be credited to your real money account.
Yes! Most of the bonuses and promotions have an expiry date. Usually, promotions expire in 14 days, but some sportsbooks have longer expiry date rules. For example, one of the best online sportsbooks for US players, Bovada has a rule where most of their bonuses and promotions expire in 6 months.